Unthinkable Trends To Watch Out In 2021 For Cloud Computing

We are currently in the midst of this amazing technological transformation. Technologies like cloud computing and artificial intelligence have evolved the analytical and predictive ability of mankind, which has resulted in creating much better technical solutions.

Today, these developments have transformed the cloud into a global and omnipresent technology, which is used in every industry and business.

With the advent of modern trends, the cloud has evolved itself into one of the technical entities that have remodeled the working procedures of companies. From being an “often- discussed-mechanization among tech-enthusiasts” in the early 90s, the cloud has turned into a $330 billion industry in recent years. [source]

All this was possible due to the developments incorporated and trends merged with this technology. This article will dig deep into such prodigal trends the cloud is waiting to feature in 2021, which could modernize the technical culture we are in.

1.Upgradation and Implementation of FaaS

What is FaaS?

FaaS (Function as a Service) is a kind of cloud computing service that enables a developer to implement codes without the need to adopt complex infrastructures. A subset of serverless computing, FaaS majorly focuses on service categories like computation, storage, API gateways, etc.

Why do companies implement FaaS?

A new serverless concept for cloud computing, FaaS involves the implementation of a solution that helps developers to manage app functionalities without complex building architecture.

As compared to the other cloud types like IaaS (Infrastructure as a Service), DaaS (Desktop as a Service) or SaaS (Software as a Service), FaaS is a much better prospect as it minimizes operational procedures, making developers generate and iterate codes faster. It helps to increase flexibility and scalability, which, in turn, gives rise to productivity and efficiency in the workplace.

What does FaaS bring to you in 2021?

Fast forward to 2021, FaaS is the CenterPoint of a lot of budding companies and tech giants, Netflix, being one of the same. In a recent data report, the market size for Function as a Service (FaaS) will increase to USD 7.72 Billion in 2021 from USD 1.88 Billion in 2016, bringing a staggering annual growth rate of 32.7%.

With increasing Use Cases, FaaS is a highly recommended tool by the developers and will be one of the most talked-about and implemented tech-trends in the coming year.

2. Awaited Updates in Disaster Recovery Norms

Is it as effective as FaaS?

Yes, it may turn out to be. If FaaS was a trend that can cause a boomerang in computing architecture developments, an efficient disaster recovery system will be instrumental in keeping that architecture or the data surrounding the architecture, safe and secure from disasters like cyberattacks, hardware malfunction, or even natural calamities.

How does it work then?

But what exactly is a disaster recovery system in the cloud, and how does it work? Commonly known as DRaaS(Disaster Recovery as a Service), it creates a virtualized environment that replicates the company’s/user’s IT framework. When disaster strikes, the company DR strategy is implemented, saving the company/user from data losses.

The Year 2021 and DRaaS

2021 is expected to bring an ocean of change in DraaS (Disaster Recovery As A Service). Now, apart from saving data during calamities, DRaaS will tend to address mobility and portability challenges, decrease usages of operational resources, and save software and hardware licenses.

In an estimation by Research and Markets, the DRaaS market will grow at an annual CAGR (Compound Annual Growth Rate) of 17% to reach an estimated market size of US$ 3,265 million.

Experts in leading IT industries have reckoned the rise in cyberattacks in the coming years. Thus, companies, all over the planet, will implement DRaaS in their cloud systems in order to prevent the jeopardization and misuse of data. This is the reason why the trend of DRaaS will be the one to watch out for in the coming years.

3. Combination of Big Data, IoT and Cloud Computing

Is the Above Phrase Even True?

One thing where tech-enthusiasts and business leaders agree on a common ground is the combination of the three aforementioned highly used technologies. They enable the business coordination and technical interfaces to be handled properly, diminishing chances of manual error. So, yes, it’s true and happening.

What is Big Data and IoT?

Big Data or Smart Data refers to complex and voluminous data sets that is needed to be processed, mined, and analyzed in order to get valuable information for businesses and enterprises.

On the other hand, IoT or Internet of Things is a network of physical devices connected through the Internet. That physical device could be anything. It could be a product like transducers or a technology gimmick like 3D printing. With an implementation in cloud technologies, Big Data and IoT will increase processing and analyzing rates, that can design better products and companies.

How Combining These Will Help Users In Coming Years?

From increasing security to saving an ample amount of time, the trio of Big Data, Cloud, and IoT can prove to be a breakthrough for any company, and the year 2021 is said to be one of those years.

According to a data report by RedmondMag, the global cloud data center traffic will increase by 30 percent to5.9 Zettabytes (1 ZB=1 trillion GB) in 2021 from 286 Exabytes (1 EB= 1 billion GB) in 2016. Also, hardware giant Cisco has predicted that the number of IoT connections will increase to 13.7 Billion in 2021 from 6.8 Bn in 2018.

With these staggering numbers, companies will be having an enormous amount of data that is needed to be analyzed and predicted in the cloud.

Technology has been the mainstay for companies, and the ever-increasing data has been the top area of focus for companies at all latitudes.

Thus, Big Data, Cloud, and IoT will provide an amazing analysis that will be instrumental in decreasing the overload of data in the coming years.

4. Statistics That Will Define Cloud In 2021

IT Spending To Increase By 26% in 2021

Tech giant, Gartner, has recommended in its recent press release that shifting to the cloud can be a trend in the booming market, which could assess growth rates in the four main domains of the cloud: application software, business outsourcing, system infrastructure, and infrastructure software. The total amount to be spent on the cloud by companies worldwide is estimated to be $780 Mn.

Public Cloud Revenue To Grow by 19.7 % to $308.5 Bn

With the increased investments by Global CIOs, tech leaders all over the world have embraced cloud-run applications and relocated to digital assets. Sid Nag, Research Vice President at Gartner, said, “Adoption of next-generation cloud solutions has increased, which implies that digital sustainability of enterprises will be judged on the basis of cloud entities.” The increased spending will have its fair share of effects on the revenue generated by Cloud.

Table 2. Global Public Cloud Service Speculation(In USD Billions)

BPaaS: Business Process as a Service; PaaS: Platform as a Service; SaaS: Software as a Service; SECaaS: Security as a Service; IaaS: Infrastructure as a Service.

With growing revenue and expenditure, the cloud is one of the most sought- after technologies in the modern world. With increasing cloud-native capabilities, hybrid cloud, and multi-cloud will provide a variable cloud ecosystem for companies to excel.

Conclusion

A technological beast, Cloud Computing will be updated with new trends and technologies all the time. In 2020, we have so far seen a few changes in the hybrid cloud momentum, with alterations in both public and private cloud servers.

The year 2021 will bring a sea of changes in cloud computing, and businesses worldwide will look forward to adopting it to improve their products, designs, and services.